As a seasoned crypto investor with years of experience under my belt, I have seen my fair share of market fluctuations and trends. The recent surge in Trump-related meme coins following Donald Trump’s vice presidential pick of J.D. Vance has been an intriguing development to observe.
Following Donald Trump’s selection of senator J.D. Vance as his vice presidential running mate, there has been a significant surge in the value and popularity of cryptocurrencies associated with Trump. In the wake of this news, Bitcoin and other digital currencies linked to Trump have experienced rapid growth, soaring both in value and adoption. This development comes after the recent attempted assassination attempt against Trump, which further solidified his plans to attend the Bitcoin 2024 conference in Nashville next week. Three specific cryptocurrencies related to Trump – collectively referred to as Trump coins – have experienced substantial price increases since the VP nomination was announced.
1. Trump Crypto – MAGA (TRUMP)
As a crypto investor, I’m always on the lookout for unique projects that make a difference in the world. One such project that has caught my attention is MAGA, a meme coin inspired by the former U.S. President Donald Trump. This coin aims to leverage the hype surrounding Trump to raise funds for charitable causes within the United States.
In the last 24 hours, the cost of TRUMP has dropped by 7.1%, but it has risen by 24% over the past week. Currently priced at $7.58, TRUMP’s trading activity has decreased due to investors cashing in on their recent gains. Market observers are keeping an eye on the upcoming Bitcoin Conference from July 25-27, where Trump is scheduled to speak, which could potentially boost TRUMP’s value.
Despite having no connection to Donald Trump personally, the MAGA movement’s objectives have significantly influenced the cost and worth of related crypto meme coins in the market. As we draw nearer to the November 2024 U.S. elections, a Trump victory could potentially lead to substantial profits for this asset.
2. Make America Great Once Again (MAGOA)
At the 2024 Republican National Convention (RNC), which took place over three days in Milwaukee, Wisconsin, prominent figures within the GOP delivered speeches outlining their visions for America’s future should they be elected to office. The convention’s guiding theme was “Make America Great Again.”
As a crypto investor, I’ve come across the MAGOA token, which is a relatively new addition to the Ethereum network, having been launched on July 16. The token experienced a meteoric rise right from the get-go. However, it was later revealed that the developer had burned the liquidity and sold off all their tokens before leaving the community without a trace. Despite this unexpected departure, MAGOA’s price has continued to surge, reaching new highs since then.
The current value of MAGOA is $0.00001447, marking a significant 19.9% surge over the past 24 hours. With an impressive chart for such a new project and ample liquidity accommodating both small investors and large players, MAGOA holds a market capitalization of $6 million. This emerging token carries the potential to experience a monumental increase of up to 1000% in value before surpassing a $100 million market cap.
In the near future, MAGOA’s price is moving within a boundary, indicating buyers are stockpiling in preparation for another price surge. If this boundary is breached, there could be a significant rise of approximately 158% from the present value.
The upcoming Bitcoin 2024 conference is expected to generate significant excitement, potentially propelling the price of Bitcoin further upward.
3. Fight to MAGA (FIGHT)
Following the unsuccessful assassination attempt on ex-President Trump, the Fight to MAGA movement emerged on the Ethereum cryptocurrency platform. Amidst the chaos, Trump exhorted the crowd to “Fight,” emphasizing their determination to keep making America great again. Seizing the momentum generated by the event, FIGHT was introduced and experienced a remarkable surge, skyrocketing over 13,000% within just 15 hours. After a brief pause for consolidation, FIGHT rallied once more, increasing by an additional 600% to reach its peak price of $0.08390.
The current cost of FIGHT is $0.062, marking a substantial 54% rise within the past 24 hours. The value of FIGHT has retreated by approximately 25% from its all-time high (ATH), and is now hovering around the 0.382 Fibonacci retracement level. This particular level was tested once previously in the last 24 hours, making it a notable point of interest. However, there exists a significant fair value gap (FVG) closer to $0.045, which may potentially draw the price downwards. A rebound from this level could trigger an impressive 115% increase in price, reaching a new all-time high at around $0.1.
At a moment when the United States political scene requires courage and boldness, the FIGHT coin makes its appearance. Capitalizing on the surge of national pride triggered by the latest assassination attempts, this digital currency is poised to break through the $100 million threshold.
Conclusion
After the revelation that J.D. Vance would be the vice presidential nominee, there has been a substantial price rise in these three cryptocurrencies associated with Donald Trump. This sudden spike underscores the unstable character of political meme tokens and their susceptibility to current events. As the election approaches, these Trump-linked crypto assets could witness even more dramatic price fluctuations.
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2024-07-17 15:15